Jet2 has said in a trading update today (February 25) it expects its operating profit to be in line with expectations, estimated at £439 million ($593.2 million) for the full financial year ending March 31, 2026.
The operating profit result includes around £10 million of promotional and resourcing start up costs ahead of its London Gatwick base launch.
The package holiday provider will launch its first flights from Gatwick on March 26. Jet2 said progress on its Gatwick launch have “progressed well”.
Seat capacity for winter 2025/26 has remained 7.4% higher than the previous year.
“For Summer 2026, we are satisfied with our bookings to date and remain committed to pricing that is attractive and represents real value to our customers,” said Jet2 CEO Steve Heapy.
“Average pricing for both our leisure travel products has followed a similar trend to summer 2025, with marketing spend being reinvested into pricing to continue to deliver value to our customers,” Jet2 said in its trading update.
The company said investments in creating attractive pricing and load factor will provide greater leverage in an increasingly competitive market.
Booked-to-date passengers are up by 7.9% — including growth at its established bases and around 260,000 passengers at London Gatwick.
The company reported healthy demand for its flights and package holidays. The package holidays mix of its total bookings are “broadly in line” with last year.
The airline expects to increase its A321neo fleet to 31 jets.
Jet2 will present its full annual results in April.